Exchanges· ★★★· bearish·

Crypto winter 2025-2026: Paxful, BitMEX, Kriptomat, Kadena and CoinEx shut down

  • —BitMEX is closing after 11 years, with a halt on September 23, 2026
  • —Paxful ceased operations on November 1, 2025, after 10 years and 14 million users
  • —Kriptomat is leaving the market from June 30, 2026, due to the EU's transition to MiCA
  • —CoinEx will end spot trading on September 29, with asset withdrawals until December 22, 2026
Why it matters: Unlike 2022, the closures are happening without a shortfall in client funds: falling volumes and liquidity make the business unprofitable while compliance costs persist.
#BTC
Source: Happycoin.club
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